Global Low Voltage Cables Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Installation;

Overhead and Underground.

By Voltage;

Up to 240V, 241V – 440V, and 441V - 1000V.

By Application;

Buildings, Distribution and Specialty.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn390376924 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Low Voltage Cables Market (USD Million), 2021 - 2031

In the year 2024, the Global Low Voltage Cables Market was valued at USD 10,231.47 million. The size of this market is expected to increase to USD 18,111.16 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.5%.

The global low voltage cables market plays a crucial role in the infrastructure of modern societies, facilitating the transmission and distribution of electrical energy across various sectors. Low voltage cables are essential components in residential, commercial, and industrial applications, providing a reliable means to transmit power efficiently and safely. As the demand for electricity continues to grow worldwide, driven by urbanization, industrialization, and technological advancements, the market for low voltage cables has expanded significantly.

Key factors driving the growth of the global low voltage cables market include increasing investments in infrastructure development, rising demand for renewable energy sources, and the expansion of smart grid networks. These cables are integral to the construction of residential buildings, commercial complexes, and industrial facilities, supporting the reliable supply of electricity to end-users. Additionally, the emphasis on energy efficiency and sustainable practices has led to the adoption of low voltage cables that minimize power loss during transmission, thereby enhancing overall system efficiency.

Geographically, regions such as Asia-Pacific, North America, and Europe dominate the global low voltage cables market. Asia-Pacific, in particular, holds a prominent position due to rapid industrialization and urban expansion, driving substantial demand for electricity infrastructure. Meanwhile, North America and Europe are focusing on upgrading existing electrical networks with advanced technologies to improve reliability and efficiency. These regions also witness significant investments in renewable energy integration, further boosting the demand for low voltage cables suited for modern grid systems.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Installation
    2. Market Snapshot, By Voltage
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Low Voltage Cables Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing urbanization and infrastructure development
        2. Growth in renewable energy projects
        3. Rising demand from construction and automotive sectors
      2. Restraints
        1. Volatility in raw material prices
        2. Regulatory challenges and environmental concerns
        3. Competition from wireless technologies
      3. Opportunities
        1. Expansion of smart grid infrastructure
        2. Adoption of electric vehicles (EVs)
        3. Technological advancements in cable materials
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Low Voltage Cables Market, By Installation, 2021 - 2031 (USD Million)
      1. Overhead
      2. Underground.
    2. Global Low Voltage Cables Market, By Voltage, 2021 - 2031 (USD Million)
      1. Up to 240V
      2. 241V – 440V
      3. 441V - 1000V
    3. Global Low Voltage Cables Market, By Application, 2021 - 2031 (USD Million)
      1. Buildings
      2. Distribution
      3. Specialty
    4. Global Low Voltage Cables Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Prysmian Group
      2. Nexans
      3. General Cable
      4. Sumitomo Electric Industries
      5. LS Cable & System
      6. Southwire Company
      7. Furukawa Electric Co., Ltd.
      8. Leoni AG
      9. Taihan Electric Wire Co., Ltd.
      10. Riyadh Cables Group
  7. Analyst Views
  8. Future Outlook of the Market